Whale Activity and Market Rebound Fuel Bitcoin’s Bullish Momentum

by Ali Malik
Bitcoin whale activity

Bitcoin whale activity, the most well-known players in Bitcoin,, are returning. On-chain data shows that wallets containing 10 or more BTC surged by 132 in only one day, the most notable single-day increase since February 20. For long-term investors, this accumulation is a positive sign indicating fresh hope.

Shortly after Donald Trump declared a 90-day tariff suspension, which calmed market anxiety and set off a crypto market comeback, whale activity surged.

Whale Wallets Show Strength Amid Market Rebound

Leading on-chain analytics claims that the Supply Distribution indicator significantly rises in big Bitcoin whale activity wallets. In hardly twenty-four hours:

  • 132 new wallets with 10+ BTC were created

  • Each wallet now holds over $821,000 in BTC

  • This marks the most significant spike since February

Usually owned by whales and sharks, these wallets are said to affect market momentum. Their build-up suggests increasing institutional confidence, particularly following recent market FUD brought on by trade conflicts.

Tariff Pause Sparks Bullish Sentiment in Crypto

Trump’s 90-day delay on U.S. tariffs helped calm global markets. As a result:

  • Bitcoin and other major cryptocurrencies bounced back

  • Investor sentiment turned bullish, at least in the short term

  • Large holders began stacking sats, suggesting anticipation of a more significant move

It is unknown whether this accumulation pattern will persist, but it has sparked hopes for a more general crypto comeback.

Bitcoin Price Analysis – April 12, 2025

April 11 Price Action Recap

  • Early session: Bearish, with oversold RSI levels and strong seller control

  • Midday: A golden cross on the MACD shifted momentum to buyers

  • 9:25 UTC: RSI hit overbought territory, showing intense buying pressure

  • 17:40 UTC: Price peaked near $84,304.33, followed by profit-taking

Later Session and April 12 Trends

  • 18:30 UTC: A death cross on the MACD signaled a bearish reversal

  • 2:55 UTC: RSI turned oversold, confirming substantial selling volume

  • 4:15 UTC: Another golden cross hinted at a bullish comeback

Key levels to watch:

  • Resistance: $84,304.30 — a breakout could push BTC toward $86,000

  • Support: $81,302.63 — a breakdown could send BTC toward $78,000

Bitcoin Price Outlook: What’s Next?

With whales accumulating and sentiment shifting positively:

  • Short-term bias favors the bulls, as long as buying continues

  • BTC could reclaim the $86,000 level if upward momentum holds

  • If uncertainty returns, expect a retest of $81,000, possibly lower

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